Trident Trust has acquired Tricor IAG Fund Administration Group (TIAG), a small provider of fund administration services to Asian private equity and venture capital funds. Formed in 2013 as a joint venture between Tricor and IAG Group, TIAG has operations in Singapore and Hong Kong, and provides fund administration solutions to a broad range of private equity managers in Asia with total AuA of USD12bn. All TIAG staff will be joining Trident Trust’s existing global team of over 200 people. The acquisition will increase Trident Trust’s global funds AuA to USD62bn across 940 funds, with total AuA of USD140bn.
